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Jul 27, 2011
07/11
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♪ raise the debt ceiling ♪ raise the debt ceiling ♪ raise the debt ceiling ♪ mr. speaker ♪ mr. speaker could you beam me up ♪ we'll all default if we swallow the road ♪ >> by the way, i didn't understand a damn word that guy said. i've never understood -- i thought eminem was candy, first of all. when my kids started listening to rap music. i can't understand a single word of it. i don't know what hip-hop is. it's taking two records and smashing them together. >> i'm not surprised by this, bob. >> i am a hip guy. >> you are a hip guy. >> the fact that you said, "hip." >> does that rule me out? he still has two words. >> this is amazingly, this guy, who is white, by the way -- >> there are great white rappers. >> no, that's okay. i would like to see lionel richie do a rendition of "dancing with the debt ceiling." >> what do you against lionel richie? >> nothing. make it rain, quantitative easing? >> would you dance to this? >> she'll dance to anything. >> depends on how many cocktails i have. probably not. >> no, it doesn't. you'd dance to anything. >> i like
♪ raise the debt ceiling ♪ raise the debt ceiling ♪ raise the debt ceiling ♪ mr. speaker ♪ mr. speaker could you beam me up ♪ we'll all default if we swallow the road ♪ >> by the way, i didn't understand a damn word that guy said. i've never understood -- i thought eminem was candy, first of all. when my kids started listening to rap music. i can't understand a single word of it. i don't know what hip-hop is. it's taking two records and smashing them together. >> i'm...
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Dec 28, 2012
12/12
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they have the debt ceiling coming up. they can use that as part of this negotiation. >> what is going on here? >> the president called me and probably called others last night. my impression is he would like to see if we can move forward. >> you can't legislate with yourself. >> the breaking news of the moment is that the house republican leadership is calling its members back for sunday evening, 6:30 eastern time, to be here, to be available if there is a last-minute deal to avert the fiscal cliff. it's a positive sign that if congressional leaders reach some type of deal, the house and senate will be in town to get votes on the record. >> right now the spending that we have in washington d.c. is affecting this country. >> i hope the speaker and his republican party will be here, democrats, working to finish the task in reaching an agreement to avert the fiscal cliff. >> barrasso said president obama is eager to go over the fiscal cliff. senator barrasso joins us. well, why do you say that? >> well, i think the president
they have the debt ceiling coming up. they can use that as part of this negotiation. >> what is going on here? >> the president called me and probably called others last night. my impression is he would like to see if we can move forward. >> you can't legislate with yourself. >> the breaking news of the moment is that the house republican leadership is calling its members back for sunday evening, 6:30 eastern time, to be here, to be available if there is a last-minute...
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Jan 15, 2013
01/13
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translation, the debt ceiling deal didn't do enough about the debt itself. so keep this in mind when you hear it said,be with great certainty it's the republicans trying to force spending cuts over endangering the nation credit rating. as will rogers quoted once, "it isn'tbe what we don't know that gives us trouble. it's what we know that ain't so." bret? >> bret: the president has effectively turned the messaging around. by saying it's about paying the bills that congress has already passed. the laws that it's already passed. republicans are saying it's about borrowing authority. essentially running up the country's credit card. >> exactly. what the republicans are saying is look, we maxed out the credit card. it's time before we extend any new credit or allow any new credit to do something aboutbe the spending that got us here. that would seem on the surface to be a reasonable argument. but so far, the republicans have not been able to win it. and what tends to happen in the fights when you get all of this late hour melodrama as we have had in the last cou
translation, the debt ceiling deal didn't do enough about the debt itself. so keep this in mind when you hear it said,be with great certainty it's the republicans trying to force spending cuts over endangering the nation credit rating. as will rogers quoted once, "it isn'tbe what we don't know that gives us trouble. it's what we know that ain't so." bret? >> bret: the president has effectively turned the messaging around. by saying it's about paying the bills that congress has...
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Oct 10, 2013
10/13
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the debt ceiling. jay carnie finally said, yes, the president would approve just extending the debt ceiling while they talk about things. that's a retreat for the president and boehner. the president said he is not going gunshot with a gun to his head. if he said, just deal will default but not re-opening the government, he is talking to republicans and negotiating something he said he wasn't going to do. >> shepard: mike now we're hearing from a couple of republicans -- i don't no who they are -- up named republican senators who say, let's re-open the government, too, or put that on the table. do you know who those senators are? >> i've spoken to multiple senators who are apprehensive. six weeks is not terribly long in washington, dc so by saying you're going to extend the debt ceiling six weeks, it's going to come up right before thanksgiving again and does not allow a whole lot of time for negotiation. >> shepard: they want to have a fight over turkey? seriously? they don't want to do that. why woul
the debt ceiling. jay carnie finally said, yes, the president would approve just extending the debt ceiling while they talk about things. that's a retreat for the president and boehner. the president said he is not going gunshot with a gun to his head. if he said, just deal will default but not re-opening the government, he is talking to republicans and negotiating something he said he wasn't going to do. >> shepard: mike now we're hearing from a couple of republicans -- i don't no who...
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Oct 6, 2013
10/13
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the debt ceiling deadline is staring us down. there's one group, though, that says our debt is even worse than we think. websites like fixthedebt.org are fighting to get federal spending under control by looking at how it exploded. check this out. in the 1980s the group points out the debt ranged from just under $1 trillion to $3 trillion. the next decade is doubled to $6 trillion. since then as you can see here's their chart. it has tripled to just under $17 trillion. what do they say we can do? joining me now is former republican senator tim hutchenson from arkansas. you have 16699. it's even grown since then, senator. welcome. but you have a plan. and we'd love to hear about it. >> jamie, first of all, i was there during the '95-'96 shutdown. i remember well, there's some similarities. there was a passionate freshman class that came in determined to balance the budget. even if it meant shutting down the government. this time we've got a passionate freshman class that wants to repeal obama care, defund obama care, even if it me
the debt ceiling deadline is staring us down. there's one group, though, that says our debt is even worse than we think. websites like fixthedebt.org are fighting to get federal spending under control by looking at how it exploded. check this out. in the 1980s the group points out the debt ranged from just under $1 trillion to $3 trillion. the next decade is doubled to $6 trillion. since then as you can see here's their chart. it has tripled to just under $17 trillion. what do they say we can...
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Sep 25, 2013
09/13
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on the debt ceiling, he's the president of the united states, he can't allow a debt ceiling and he certainly can't allow a debt ceiling increase to not take place because he's fighting to protect members of congress from implementing -- from the implementation of his own law that he says is good for everybody. >> that's the point. republicans have planted their flag in a place that the president cannot and will not go. maybe he'd agree to the medical advice tax being lifted. but he will never agree to, for instance, delaying the individual mandate or defunding obama care. he can't and he won't. that's the problem here. but the white house has always said it will negotiate on the budget. it just won't negotiate on the debt ceiling. of course there are going to be negotiations and they're going to lead to hopefully a resolution on the debt ceiling. they're just not going to be about the debt ceiling. >> planting the flag on the senate floor for more than 21 hours, more with the panel, we'll start with charles when we come back. [ male announcer ] making a dodge in 100 easy steps. step 1 -- stu
on the debt ceiling, he's the president of the united states, he can't allow a debt ceiling and he certainly can't allow a debt ceiling increase to not take place because he's fighting to protect members of congress from implementing -- from the implementation of his own law that he says is good for everybody. >> that's the point. republicans have planted their flag in a place that the president cannot and will not go. maybe he'd agree to the medical advice tax being lifted. but he will...
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Dec 31, 2012
12/12
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the perfect storm fiscal cliff debt ceiling. what is the debt ceiling? >> we are only allowed to borrow so much without asking congress. every time the president wants more money you have to go to congress to ask for more money. you have to have the people elected approve spending increases. 16 trillion in debt we are bumping our head on the debt ceiling right this menu. when you look at how much we are spending we are similar to spain and greece. it is not a pretty scenario. >> tell me this what happens when we judge up against it? >> everybody starts wondering when we are going to raise the debt ceiling. there's a debate because they don't like to. then you have all of wall street looking at this wondering if we will be able to pay our bills. you remember what happened last time around the market sold off 2,000 points over the 2 month period. it was dramatic and hurt people's 401 k's. if you can't pay your bills you get a downgrade. >> again. >> it's not going to be good news. you know what happens you can't borrow as much money. >> that's what happens
the perfect storm fiscal cliff debt ceiling. what is the debt ceiling? >> we are only allowed to borrow so much without asking congress. every time the president wants more money you have to go to congress to ask for more money. you have to have the people elected approve spending increases. 16 trillion in debt we are bumping our head on the debt ceiling right this menu. when you look at how much we are spending we are similar to spain and greece. it is not a pretty scenario. >>...
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Oct 6, 2013
10/13
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ceiling to default because he didn't want to raise the debt ceiling. you would think someone who made such a gross error in 2006 would sit down and negotiate, and the purpose is get more money and break the republicans. >> so is it on the democratic side? >> look, the whole problem with this is, i think, goes back to the 41 votes to repeal obama care. the republicans have had a recession with repeeling it, or at least an element within the republican party. we're now seeing that. that's how the shutdown crisis stts, with them wanting to defund, end obama care and get rid of it. that's why it's so hard for them to say they aren't responsible for the shutdown, and regardless of what negotiations there are or not, in the wake of all that momentum on obama care and republicans trying to stop it, they could turn into the grand oo party, obstruction and obsession with obama care, and that leads to fiscal assault. that could abe a problem. >> george, i want to bring you in, we have a little time left. there's been talk that the president and senate democrats,
ceiling to default because he didn't want to raise the debt ceiling. you would think someone who made such a gross error in 2006 would sit down and negotiate, and the purpose is get more money and break the republicans. >> so is it on the democratic side? >> look, the whole problem with this is, i think, goes back to the 41 votes to repeal obama care. the republicans have had a recession with repeeling it, or at least an element within the republican party. we're now seeing that....
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Oct 8, 2013
10/13
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he loses on the debt ceiling. he's really afraid of that debt ceiling. he says he won't bend on this. of course, he will have to at the 11th hour. he can't afford to be remembered as the first president who defaulted or allowed a condition to which it could happen. so i think what we just heard in that sound byte was he pointed to an exit ramp for the speaker. he basically says, well, i i said i won't negotiate while the debt ceiling is hanging over us. so you give me a three-week extension. boehner has said i won't give in on this and give him a clean extension. so it won't be a clean extension of the debt ceiling. it will be i'll give you three weeks, but you got to give me a committee. he told how he wants it it structured. 20 members, i'll give you the agenda, it it will be attached. so it will be a conditional extension. i think the president gets away and he finesses it. we know what happened the last time around. they had a supercommittee that didn't succeed. that's the way you avoid the disaster from the president's perspective. boehner has said
he loses on the debt ceiling. he's really afraid of that debt ceiling. he says he won't bend on this. of course, he will have to at the 11th hour. he can't afford to be remembered as the first president who defaulted or allowed a condition to which it could happen. so i think what we just heard in that sound byte was he pointed to an exit ramp for the speaker. he basically says, well, i i said i won't negotiate while the debt ceiling is hanging over us. so you give me a three-week extension....
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Oct 8, 2013
10/13
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all of this days ahead of the national debt ceiling vote. they will hammer the republicans on the government shut down which did furlough many employees and next week's debt ceiling while defending his refusal to negotiate. >> i cannot do that under the threat if republicans don't get 100 percent of their way they will shut down the government offer default on america's debt so that america for the first time in history does not pay its bills. >> hoiuse republicans say they will continue their efforts to fund part are thes of the government even in the face of veto threats from the white house. >> if we take care of vital priorities this week and going forward we negotiate a compromise that mitigate and prevent the harm of obama care to millions of americans that will be a real victory to the me american people. >> they opened the door to a possible temporary fix here. it would be a short term increase of the national debt ceiling and a short term funding bill to reopen government. that seems to be the latest that could provide possible of r
all of this days ahead of the national debt ceiling vote. they will hammer the republicans on the government shut down which did furlough many employees and next week's debt ceiling while defending his refusal to negotiate. >> i cannot do that under the threat if republicans don't get 100 percent of their way they will shut down the government offer default on america's debt so that america for the first time in history does not pay its bills. >> hoiuse republicans say they will...
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Oct 6, 2013
10/13
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ceiling and, in fact, naming the amount of the debt ceiling on the congress and not on himself. the president, through this whole thing, has said we need to raise the debt ceiling, but he's never once said how much. every other president has said here's how much i'd like to raise it for and here's how long this will be. the reap is budget experts inside and outside tell me in order to get the government past the 2014 election, it's going to be a trillion dollar debt ceiling increase. he doesn't want to be the guy who goes out and says after all this happy talk about spending and deficits, that he needs $1 trillion more in authority to get himself through the next year. >> it is interesting to note that back in 2008 candidate obama said that george w. bush's $9 trillion debt was unpatriotic. if they raise the debt $1 trillion, it will be to $17.7 trillion which i guess would be treasonous. >> also he said any president who asks for an increase in the debt ceiling is demonstrating a failure in leadership. when he was attempting to use the debt ceiling to in essence have the defaul
ceiling and, in fact, naming the amount of the debt ceiling on the congress and not on himself. the president, through this whole thing, has said we need to raise the debt ceiling, but he's never once said how much. every other president has said here's how much i'd like to raise it for and here's how long this will be. the reap is budget experts inside and outside tell me in order to get the government past the 2014 election, it's going to be a trillion dollar debt ceiling increase. he doesn't...
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Feb 5, 2013
02/13
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that is called suspending the debt ceiling, you raise the debt ceiling so you put a lid on what the government can spend. when you reach your credit, they will give you another thousand dollars and that is new limit. what has now happened is capitol hill has suspended that limit, now you are going to american express card with no limit and you have given the president no limit until mid may? >> i don't think american express would like the comparison because it couldn't be as bad. [ laughter ] >> but they are limited by the appropriations process and house and senate under the constitution have the power of the purse. he is not supposed to spend important. having said that, you are right. it's a huge problem. we should not extend the debt limit again. what is coming up, it may be four to six months unless there are legally spending cuts. i proposed that legislation. it got a lot of votes on the floor but it's simple idea. reduction of spending for every dollar increase in debt limit and you get to balanced budget over ten years if you do that. >> greta: breaking news, it's an important topic.
that is called suspending the debt ceiling, you raise the debt ceiling so you put a lid on what the government can spend. when you reach your credit, they will give you another thousand dollars and that is new limit. what has now happened is capitol hill has suspended that limit, now you are going to american express card with no limit and you have given the president no limit until mid may? >> i don't think american express would like the comparison because it couldn't be as bad. [...
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Oct 21, 2015
10/15
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the debt ceiling? are you talking about the debt ceiling vote? >> we'll be talking to our members tonight and tomorrow about the debt ceiling. as i made clear, we're not going to default on our debt there are several paths forward that i'm going to lay out for the members. and but we're going to find some path forward here in the next few days so we're going to move. >> the house majority leader mccarthy said tonight he didn't see a clean debt ceiling bill getting 218 votes. >> that would be difficult. you know our members want real reforms, i went through this fight with president obama in 2011. we came to an agreement, not quite what i wanted, but it was $2.1 trillion worth of deficit reduction over ten years in order to provide several trillion dollars worth of relief on the debt limit. the president and i have been in conversations for the last month over a budget deal and a debt limit increase, now fortunate over the last week they just walked away from it. so we're left to kind of hang, holding the bag. and we're going to have to find, we'r
the debt ceiling? are you talking about the debt ceiling vote? >> we'll be talking to our members tonight and tomorrow about the debt ceiling. as i made clear, we're not going to default on our debt there are several paths forward that i'm going to lay out for the members. and but we're going to find some path forward here in the next few days so we're going to move. >> the house majority leader mccarthy said tonight he didn't see a clean debt ceiling bill getting 218 votes....
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Oct 20, 2015
10/15
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the debt ceiling? are you talking about the debt ceiling vote? >> we'll be talking to our members tonight and tomorrow about the debt ceiling. as i made clear, we're not going to default on our debt there are several paths forward that i'm going to lay out for the members. and but we're going to find some path forward here in the next few days so we're going to move. >> the house majority leader mccarthy said tonight he didn't see a clean debt ceiling bill getting 218 votes. >> that would be difficult. you know our members want real reforms, i went through this fight with president obama in 2011. we came to an agreement, not quite what i wanted, but it was $2.1 trillion worth of deficit reduction over ten years in order to provide several trillion dollars worth of relief on the debt limit. the president and i have been in conversations for the last month over a budget deal and a debt limit increase, now fortunate over the last week they just walked away from it. so we're left to kind of hang, holding the bag. and we're going to have to find, we'r
the debt ceiling? are you talking about the debt ceiling vote? >> we'll be talking to our members tonight and tomorrow about the debt ceiling. as i made clear, we're not going to default on our debt there are several paths forward that i'm going to lay out for the members. and but we're going to find some path forward here in the next few days so we're going to move. >> the house majority leader mccarthy said tonight he didn't see a clean debt ceiling bill getting 218 votes....
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Oct 7, 2013
10/13
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debt ceiling breach are up to international investors. if they lose confidence in the u.s., taxpayers will pay much more to borrow money. an expense sif proposition when the go. is borrowing hundreds of billions of dollars a year. >>> stocks were down today. the dow lost 136. s&p 500 dropped 14. nasdaq fell 37. now to international news. a long time fugitive al qaeda leader is in u.s. custody. a kenyan operator for the al shabaab group evaded capture, but his fate is still uncertain tonight. those are the headlines from two special operations raids over the weekend in north africa. national security correspondent jennifer griffin has the latest. >> reporter: two gdaring operations in two african countries to capture, not kill, two alleged al qaeda operatives. in somalia, the navy s.e.a.l. team 6 came ashore, their target wanted for his role in training foreign al qaeda fighters and for orchestrating the attack on the kenyan mall. the s.e.a.l.ed has to pull back when a firefight erupted. the target remains at large. 3,000 miles away in lib
debt ceiling breach are up to international investors. if they lose confidence in the u.s., taxpayers will pay much more to borrow money. an expense sif proposition when the go. is borrowing hundreds of billions of dollars a year. >>> stocks were down today. the dow lost 136. s&p 500 dropped 14. nasdaq fell 37. now to international news. a long time fugitive al qaeda leader is in u.s. custody. a kenyan operator for the al shabaab group evaded capture, but his fate is still...
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Aug 30, 2013
08/13
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he says republicans see a simple equation. >> we're not raising the debt ceiling without real cuts in spending. it is as simple as that. >> reporter: the national debt clock has done something peculiar when it comes to total public debt, according to the administration, it stopped ticking forward. it has been frozen at 16,699,396,000,000 since may 16th. they've been using a tool box of extraordinary measures to allow for continued borrowing, moving money around, paying selected bills, ringing them up, leaving other items in the nation's grocery cart to be paid when the debt ceiling is raised. if the debt ceiling is not raised, treasury officials would be forced to choose which bills to pay and which to leave in the met for cal cart unpaid. the national debt continues to grow. congressional budget office predicts outstanding public debt at the end of 2013 fiscal year to be nearly $17 trillion. as it stands now, if we were to give every american a chunk of the debt, that would be about $53,000 per person. and if current law remains the same, the debt just keeps adding up. just three yea
he says republicans see a simple equation. >> we're not raising the debt ceiling without real cuts in spending. it is as simple as that. >> reporter: the national debt clock has done something peculiar when it comes to total public debt, according to the administration, it stopped ticking forward. it has been frozen at 16,699,396,000,000 since may 16th. they've been using a tool box of extraordinary measures to allow for continued borrowing, moving money around, paying selected...
150
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Aug 24, 2017
08/17
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ceiling, nobody likes to raise the debt ceiling, but we have to pay our bills in the united states, but we are going to have to do it in september, and i hope that the leadership and the president can work together, and i expect that they will. >> harris: so there has been pushed back about whether logistically that could have worked, but do you get the feeling that those in your party with this present certainly don't want to support him in some ways? i mean why is this happening? >> i think that we all want to work together and work on the major issues, and they include for example, making sure that the government is funded appropriately and making sure that we increase the debt ceiling, nobody likes to do that, but we have to pay our bills on time, as ronald reagan said, and then of course tax reform, it is important that we get to that major issue as quickly as possible. >> harris: so you shared with me that during your time away from congress this summer, your break, that you held a town hall meeting, into the number one topic was still health care, the president has said that
ceiling, nobody likes to raise the debt ceiling, but we have to pay our bills in the united states, but we are going to have to do it in september, and i hope that the leadership and the president can work together, and i expect that they will. >> harris: so there has been pushed back about whether logistically that could have worked, but do you get the feeling that those in your party with this present certainly don't want to support him in some ways? i mean why is this happening?...
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Sep 22, 2013
09/13
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>> well, you have another showdown over the debt ceiling. unless they strike some type of deal over the next nine days that includes the government funding and the debt ceiling, that's highly unlikely. republicans think they have more leverage on the debt ceiling because the president said i won't negotiate and the republicans have said fun, saying why won't you negotiate? you negotiate with the russians on syria. why won't you negotiate with us getting spending under control. they think they have the leverage there. these are two ugly showdowns and right now, wall street is getting nervous. >> and americans are as well. >> absolutely. >> they're over it. bob, good to see you on this sunday morning. thanks for joining us. >> thank you. >>> remembering the victims of the navy yard shooting. there will be a somber service in washington later today. we will be covering it. stay with us. this is claira. to prove to you that aleve is the better choice for her, she's agreed to give it up. that's today? [ male announcer ] we'll be with her all day
>> well, you have another showdown over the debt ceiling. unless they strike some type of deal over the next nine days that includes the government funding and the debt ceiling, that's highly unlikely. republicans think they have more leverage on the debt ceiling because the president said i won't negotiate and the republicans have said fun, saying why won't you negotiate? you negotiate with the russians on syria. why won't you negotiate with us getting spending under control. they think...
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Mar 8, 2015
03/15
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the debt ceiling is back in play. is congress going to act quickly, or are we in for another showdown? our political panel is here. >>> plus marking one year since the malaysian airlines flight 370 went down. they now have more questions than answers. >> there's nothing that's been answered and we have no idea where or how or what's happened. and that hasn't changed in the 12 months. not a thing. huh, fifteen minutes could save you fifteen percent or more on car insurance. everybody knows that. well, did you know pinocchio was a bad motivational speaker? i look around this room and i see nothing but untapped potential. you have potential. you have...oh boy. fifteen minutes could save you fifteen percent or more on car insurance. >>> every second our national debt is ticking up and a week from tomorrow, we're going to hit the debt ceiling. whether to raise the limit is a major point of contention in congress. it's already been raised five times under president obama 74 times total. it's not a surprise. it congress stri
the debt ceiling is back in play. is congress going to act quickly, or are we in for another showdown? our political panel is here. >>> plus marking one year since the malaysian airlines flight 370 went down. they now have more questions than answers. >> there's nothing that's been answered and we have no idea where or how or what's happened. and that hasn't changed in the 12 months. not a thing. huh, fifteen minutes could save you fifteen percent or more on car insurance....
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Jan 1, 2013
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five or six weeks irk the debt ceiling. >> the debt ceiling bill. this is just the beginning of the debate. it is not the end. rick: you and i talk for years, steve about small businesses and the impact these bills have on folks who employ, the most americans in this country, small business owners. based on your reading of this bill, what's the impact on them? >> it is lousy. i'm glad you brought this point up. we've been having the debate whose taxes should be going up and so on. let's not forget the overall impact of this bill is very negative for the economy. means higher capital-gains taxes higher dividend taxes. higher taxes on small businesses the some of my liberal friends would say, that is only people that make over $450,000. rick, as you know, two out of three of those people in the high income category are small business owners. the overall impact is anti-business and anti-growth. the by the way only way we get the deficit down is get the economy growing again. i think congress and the white house lost sight of that. rick: for conservativ
five or six weeks irk the debt ceiling. >> the debt ceiling bill. this is just the beginning of the debate. it is not the end. rick: you and i talk for years, steve about small businesses and the impact these bills have on folks who employ, the most americans in this country, small business owners. based on your reading of this bill, what's the impact on them? >> it is lousy. i'm glad you brought this point up. we've been having the debate whose taxes should be going up and so on....
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Jul 16, 2011
07/11
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both sides in the debt ceiling debate took the cases to the public today. house republicans said they will hold a vote on their plan next week including a balanced budget amendment. president obama pleaded with lawmakers to set aside politics and self-interest to do what he called some tough stuff. senior white house foreign affairs correspondent wendell goler has the specifics tonight. good evening, wendell. >> reporter: good evening, bret. republicans and democrats were both afraid the president would haul them off to camp david this weekend to work on the deficit reduction deal. neither wanted that. they were under orders to meet separately to try to make progress they couldn't seem to make together. in an unprecedented third news conference of the past two weeks, president obama said he hopes for a big deal to reduce the deficit and raise the debt ceiling. he also said what is on everybody's mind. >> we are running out of time. >> reporter: on that, republicans and democrats agree. >> there is no more road left to kick the can down the road. if we don't
both sides in the debt ceiling debate took the cases to the public today. house republicans said they will hold a vote on their plan next week including a balanced budget amendment. president obama pleaded with lawmakers to set aside politics and self-interest to do what he called some tough stuff. senior white house foreign affairs correspondent wendell goler has the specifics tonight. good evening, wendell. >> reporter: good evening, bret. republicans and democrats were both afraid the...
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three not voting. 45% voted against the debt ceiling bill. the tea party ku cuss, 34 yes. 34 voted for it. and 26 voted against it. so 43% of the caucus, the tea party ku cuss within the republicans voted against it. perspective as we bring in the panel. steve hayes, stand stand. charles lane, editorial writer for "washington post." sindcated columnist, charles krauthammer. chuck, overall thoughts about the whole whatever it is we watched in the past couple of weeks. >> well, call me crazy. but i'm willing to say the cup half full. my reasoning is we have gone through a brutal debate. it did end in a compromise. the debt ceiling meltdown scenario got avoided. the debate sharpened and crystallized. it had pep traited the country's consciousness, the public is really focused on the nation's financial conditions in a really serious way. there were endless antics in washington, but the issue is squarely confronting the country in a healthy way. >> bret: steve, late today, moody's came out and reaffirmed the government triple-a credit rating but g
three not voting. 45% voted against the debt ceiling bill. the tea party ku cuss, 34 yes. 34 voted for it. and 26 voted against it. so 43% of the caucus, the tea party ku cuss within the republicans voted against it. perspective as we bring in the panel. steve hayes, stand stand. charles lane, editorial writer for "washington post." sindcated columnist, charles krauthammer. chuck, overall thoughts about the whole whatever it is we watched in the past couple of weeks. >> well,...
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Oct 7, 2013
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how do you stop having debt ceiling votes when you are so deep in debt, and the only way to do that is look out at the next 30 years and look at how we can work our way out of the deep hole. can't do it in a year, but we can do it. we have to start turning the wheel. >> you might want to remind the president back in 2006 senator barack obama said that raising the debt ceiling was unpatriotic and irresponsible and that's when the debt was only $9 trillion and it's now 17. start by saying mr. president we come to the table having agreed with you, but the you of seven years ago and not the you of today. >> when he was a senator he voted no on raising the debt ceiling and now coming back and saying it would be irresponsible to not raise the ceiling. there is an interesting dichotomy there. you have to be able to look at the reality. what you opened in your opening monologue, there is a difference between playing politics and making policy. so many come here because they are good at politics and they are not good at implementing policies and ideas. the people at home need solutions and answ
how do you stop having debt ceiling votes when you are so deep in debt, and the only way to do that is look out at the next 30 years and look at how we can work our way out of the deep hole. can't do it in a year, but we can do it. we have to start turning the wheel. >> you might want to remind the president back in 2006 senator barack obama said that raising the debt ceiling was unpatriotic and irresponsible and that's when the debt was only $9 trillion and it's now 17. start by saying...
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then the republicans stand up and say economy and the debt ceiling and the debt. you know, it's more personal with what obama is saying. even if that game he wins. >> i'm not sure the republicans have done a great job in terms of how they communicate. we saw t that in the last election. this president is not leading. we saw this in new jersey where governor christie had 11 billion dollar deficit. he had a fiscal cliff. he knew where the middle road was, and he didn't it. >> he didn't fall off. >> exactly. that's what this president has to do. >> i'm joe smith and i think that the dems want to raise taxes and the republicans want spending cuts, and as far as i'm concerned, i'd rather have the rich people pay taxes than me to lose my entitlements. pat, can that ever work? >> well i think that's what most people think right now. they want the rich to pay more because maybe we should have them pay more. at the same time, they don't want the economy to go in the hole. the other thing is they don't want the country to go broke. what the republicans failed to do is what
then the republicans stand up and say economy and the debt ceiling and the debt. you know, it's more personal with what obama is saying. even if that game he wins. >> i'm not sure the republicans have done a great job in terms of how they communicate. we saw t that in the last election. this president is not leading. we saw this in new jersey where governor christie had 11 billion dollar deficit. he had a fiscal cliff. he knew where the middle road was, and he didn't it. >> he...
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then the republicans say, economy, and the debt ceiling, and the debt. it's not personal with what obama is saying. even in that game he wins. >> i'm not sure the republicans have done a great job in terms of how they communicate and we saw that in the last election. but this president is not leading. we saw this in new jersey, where governor christie, and an $11 billion deficit. he had a fiscal cliff. he brought everybody in. he knew where the middle road was and -- >> he didn't fall off it. >> exactly. >> i'm joe smith. and i think that the dems want to raise taxes and the republicans want spending cuts, and as far as i'm concerned, i'd rather have the rich people pay taxes than me lose my entitlements. pat goodell can that work? >> people want at the rich to pay more because, okay, they should pay more. at the same time they don't want the economy to go in the hole. the other thing is they don't want the country to go broke, and what the republicans fail to do they fail to community indicate. they couldn't communicate themselves out of 0 wet babier ba
then the republicans say, economy, and the debt ceiling, and the debt. it's not personal with what obama is saying. even in that game he wins. >> i'm not sure the republicans have done a great job in terms of how they communicate and we saw that in the last election. but this president is not leading. we saw this in new jersey, where governor christie, and an $11 billion deficit. he had a fiscal cliff. he brought everybody in. he knew where the middle road was and -- >> he didn't...
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went from opposing raising the debt ceiling and not giving him a higher credit limit was unacceptable and the use of excutive power was abused by those before him and he would respect the limits and he proceeded to act if the executive was the only branch of government and treating congress as if they are a junior high student council. and told us our taxes wouldn't go up and health care costs go down. that is a warm pile of a aftermath of a bull's break fast. (applause) he said he wouldn't tolerate the abuse of the irs toward citizens, but he tolerated it. he hasn't done a thing to end it much less hold accountable those who used government power as if it was a personal power tool and thumbing his nose at congress and saying he could go without congressional authoritization. he could make a fol of the secretary of state and told us the urgent need for military intervention in syria. and the president without bothering to involve congress having an about-face 12 hours later and maybe we should talk to congress and besides, there is no hurry. he said there was a red line and then claim
went from opposing raising the debt ceiling and not giving him a higher credit limit was unacceptable and the use of excutive power was abused by those before him and he would respect the limits and he proceeded to act if the executive was the only branch of government and treating congress as if they are a junior high student council. and told us our taxes wouldn't go up and health care costs go down. that is a warm pile of a aftermath of a bull's break fast. (applause) he said he wouldn't...
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ceiling. >> congress can limit the debt. and should not allow the e a budget plan from the white house. and the democratic senate. >> but they would prefer congress sort out this. >> this is not a deal that the white house is going to have. >> that will continue. >> mike emanuel live on the north lawn. thank you. >>> european union warns of new divide in continent between rich and poor. the unemployment numbers peak and the social welfare systems spray. amy kellogg has disturbing job news from london tonight. >> the euro zone unemployment average reached all-time high of 11.8%. up from 11.7 in october. in country like italy, the situation is particularly dire. youth unemployment registered to 37%. >> here they are lined up with jobs accusation center. >> i don't have any trust in my country. absolutely not. no way out. we have our backs against the wall. either you leigh, if you stay here you are condemned. >> some blame the austerity measures that led to violence across the continent for aggravating the employment situation
ceiling. >> congress can limit the debt. and should not allow the e a budget plan from the white house. and the democratic senate. >> but they would prefer congress sort out this. >> this is not a deal that the white house is going to have. >> that will continue. >> mike emanuel live on the north lawn. thank you. >>> european union warns of new divide in continent between rich and poor. the unemployment numbers peak and the social welfare systems spray....
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the debt ceiling is another matter. people don't like to see the debt ceiling raised. it has to be raised eventually or there would be real trouble. people don't like it. the position republicans are taking is we need to negotiate some spending constraints in order to get the debt limit increased is a reasonable one and a much better standing with the public on that then they are the shutdown. martha: that is exactly what they did, the rein in spending to a certain extent allowing them to go back to their constituents and say we got a little bit of what we wanted out of that negotiation. the white house and the democrats are saying we negotiate on the debt ceiling issue because we are allowing the sequester levels to stay in place, so that's it. there's no negotiation beyond where we already are in terms of spending levels. >> the sequester levels of spending are the levels, the existing levels we had so to say that is a concession of some kind is a stretch as you might put it. because there are no talks going on that we can see, this looks like a standard ground. you
the debt ceiling is another matter. people don't like to see the debt ceiling raised. it has to be raised eventually or there would be real trouble. people don't like it. the position republicans are taking is we need to negotiate some spending constraints in order to get the debt limit increased is a reasonable one and a much better standing with the public on that then they are the shutdown. martha: that is exactly what they did, the rein in spending to a certain extent allowing them to go...
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, the debt ceiling. we've got a lot to cover here today. rick: well said, jenna, that's not easy. jenna: hi, everybody, i'm jenna lee. rick: and i'm rick folbaum if in for jon. the amount of money the government needs to borrow, what has washington tied up in knots. jenna: the president earlier calling this an opportunity for both parties to come together. >> so this idea of balance, this idea of shared sacrifice, of a deficit plan that includes tough spending cuts but also includes tax reform that raises more revenue, this isn't just my position, this isn't just a democratic position, this isn't some wild-eyed socialist position. [laughter] this is a position that's being taken by people of both parties and no party. jenna: tempers still flaring along partisan lines back at the capital. here's dan coats on the floor of the senate lashing out at majority leader harry reid a little earlier this morning. >> >> i guess we're all getting frustrated. it's 100 and some degrees heat index outside, and i can und
, the debt ceiling. we've got a lot to cover here today. rick: well said, jenna, that's not easy. jenna: hi, everybody, i'm jenna lee. rick: and i'm rick folbaum if in for jon. the amount of money the government needs to borrow, what has washington tied up in knots. jenna: the president earlier calling this an opportunity for both parties to come together. >> so this idea of balance, this idea of shared sacrifice, of a deficit plan that includes tough spending cuts but also includes tax...
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and who is getting the most blame for the debt ceiling standoff? we'll look at the numbers. >> bret: and now some fresh pickings from the political grapevine. it looks like republicans are getting a much larger share of the blame than democrats in broadcast tv reporting of the debt ceiling debate. the conservative media research center looked at stories from the morning and evening newscasts on cbs, nbc and abc, and found the gop losing the blame game by a 3-1 margin, 56-17. >>> a movie clip played inside a closed-door house gop meeting tuesday meant to unite colleagues around a debt plan is being ridiculed by democrats. they point the movie titled "the town" is about bank robbers. here's the clip. >> i need your clip. you can ask me about it later. i'm going to hurt some people. >> who's car we going to take? >> the democratic national committee called it's a sad metaphor for gop policies, but assistant minority leader james clay burn noted democrats have used films in the past to fire up members. he said years ago the bloody drama "brave heart" w
and who is getting the most blame for the debt ceiling standoff? we'll look at the numbers. >> bret: and now some fresh pickings from the political grapevine. it looks like republicans are getting a much larger share of the blame than democrats in broadcast tv reporting of the debt ceiling debate. the conservative media research center looked at stories from the morning and evening newscasts on cbs, nbc and abc, and found the gop losing the blame game by a 3-1 margin, 56-17. >>>...
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the perfect storm, fiscal cliff, debt ceiling. what exactly is the debt ceiling? >> well, we're only allowed to borrow so much without asking congress for a higher debt ceiling. in other words, every time the president wants to spends more money, he has to go to congress and ask for authorization and that's the way it works, to have the people elected approve spending increases. right now, 16 trillion dollars in debt, we're bumping our head on the debt ceiling right this very minute and let me tell you, when you look the at how much money we're spending compared to our gdp, we're similar to spain, we're similar to greece, it's not a pretty scenario. >> harris: well, tell me this: what actually happens when we nudge up against it? >> well, everybody starts wondering when they're going to rise the debt ceiling, there's big pressure on republicans in congress to approve that. it's a big debate with them because they don't like to and then you have all of wall street looking at this, wondering whether we're going to be able to pay our bills and remember what happened
the perfect storm, fiscal cliff, debt ceiling. what exactly is the debt ceiling? >> well, we're only allowed to borrow so much without asking congress for a higher debt ceiling. in other words, every time the president wants to spends more money, he has to go to congress and ask for authorization and that's the way it works, to have the people elected approve spending increases. right now, 16 trillion dollars in debt, we're bumping our head on the debt ceiling right this very minute and...
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ed dead line for the debt ceiling. on the 17th of october the united states will run out of money to pay the bills. can congress come together to keep the money going before the 17th. joining me is oklahoma congressman langford and president of the republican policy committee. thank you for being here today. >> thank you, governor. >> there is a lot of controversy over what is going on in washington. and one question who is running the house strategy. the speak oregon ted cruz? and who is running the strategy in the house right now? >> i hate to tell you this, but it is the american people in our directs who are running it. folks who don't want a government shutdown but they don't want also obama care. they are colliding at this moment and they have overwhelming calls coming in my office and find any way to get relief of this process. and the last offer in the senate was straightforward. we want to make sure individuals will not be fined for the next year and members of congress and the white house, all of obama care a
ed dead line for the debt ceiling. on the 17th of october the united states will run out of money to pay the bills. can congress come together to keep the money going before the 17th. joining me is oklahoma congressman langford and president of the republican policy committee. thank you for being here today. >> thank you, governor. >> there is a lot of controversy over what is going on in washington. and one question who is running the house strategy. the speak oregon ted cruz? and...
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we are operating without a debt, operating against the debt ceiling ready to hit and now putting in the biggest tax increase in this country's history in a weak economy that is growing at 1.3 percent. people are saying, well, they will get it fixed but it is already having an impact. businesses have already put off hiring. businesses have all right cut off capital spending. it is having an impact right new. there is another irony involved here, the federal reserve board made it clear they are trying to boost the stock market, they are trying to get asset prices higher, so what congress doing? they want to jump the dividend tax rate from 15 percent to 43 percent in the top bracket. this is money that has already been taxed. they want to raise capital gains taxes. this is on top of all the other tax increases that are set in three months. the notion this is going to be fixed is laughable because it is already having an impact. >>neil: here is what is laughable to me if the argument for extending the rates on the upper income for another year is that was not the environment to raise taxes
we are operating without a debt, operating against the debt ceiling ready to hit and now putting in the biggest tax increase in this country's history in a weak economy that is growing at 1.3 percent. people are saying, well, they will get it fixed but it is already having an impact. businesses have already put off hiring. businesses have all right cut off capital spending. it is having an impact right new. there is another irony involved here, the federal reserve board made it clear they are...
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>> the end of the debt ceiling because there's too much debt. >> the democratic don't like this prioritization idea. >> why would you not like to prioritize? >> i'm just telling you, this is one. your areas -- >> are they owe posing something just to oppose something? by doing a debt prioritization what you are saying is you are making sure america never has the problem that they get downgraded within their credit of looking bad. we aren't prioritizing when we borrow from somebody, we will take our debt." we are prioritizing going forward. >> if it's such a good idea why don't you all agree on it? >> isn't it a good idea to have a balanced budget, too, but only one side grease with that, the republicans. at the end of the day if you have $100 of bills and you only have $80, the current system says you can't pay any. that's idiotic. why don't pay $80 worth? >> one more question. will there be a tax on online sales? it passed in the senate but do you expect there to be a tax on online sales? >> i think you have to see it go through committee inside the house. right now in the process, it has to
>> the end of the debt ceiling because there's too much debt. >> the democratic don't like this prioritization idea. >> why would you not like to prioritize? >> i'm just telling you, this is one. your areas -- >> are they owe posing something just to oppose something? by doing a debt prioritization what you are saying is you are making sure america never has the problem that they get downgraded within their credit of looking bad. we aren't prioritizing when we...
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ceiling before thursday's deadline. >> if congress refuses to raise what's called the debt ceiling, america would not be able to meet all of our financial obligations for the first time in 225 years. nobody in the past has ever seriously threatened to breach the debt ceiling until the last two years. and this is the credit worthiness of the united states that we're talking about. this is our word. this is our good name. this is real. >> but thanks to the 14th amendment, constitutional attorney david rivkin says the default on the federal debt is not even a possibility. i spoke with him earlier and asked him why. >> the united states is the only country that is constitutionally incapable of default. 14th amendment says specifically the public debt of the united states authorized by law cannot be questioned. the supreme court of the united states construed this language in 1935 and made very clear that this language is traditionally enforceable, so individuals who hold bonds and other obligations of the united states, if the united states misses principle interest payment, you can go
ceiling before thursday's deadline. >> if congress refuses to raise what's called the debt ceiling, america would not be able to meet all of our financial obligations for the first time in 225 years. nobody in the past has ever seriously threatened to breach the debt ceiling until the last two years. and this is the credit worthiness of the united states that we're talking about. this is our word. this is our good name. this is real. >> but thanks to the 14th amendment,...
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. >> six days before the debt ceiling is reached, still no sign of a deal, but movement in the house. we'll have team coverage. one of the candidates who wants to replace president obama is focusing on the general election. plus, remember libya? the u.s. and nato are still there. an update and price tag live from our studio in washington, this is "special report." good evening. i'm red, white and blue. insid.i'm bret baier. the stalemate shows no signs of ending. two major plans remain under consideration, but neither has much bipartisan support. tonight, though, one has more republican support it did 24 hours ago. we have team fox coverage. ed henry reports on the increasingly dire tone coming from the house, but we begin with chief congressional correspondent mike emanuel on capitol hill gridlock. good evening, mike. >> good evening. they're trying to round up votes from house republican freshmen. earlier in the in the day, the speaker i'd get your ass in line" and back his plan. time was running short as the day was lost in the process. speaker boehner saved his talking for behind
. >> six days before the debt ceiling is reached, still no sign of a deal, but movement in the house. we'll have team coverage. one of the candidates who wants to replace president obama is focusing on the general election. plus, remember libya? the u.s. and nato are still there. an update and price tag live from our studio in washington, this is "special report." good evening. i'm red, white and blue. insid.i'm bret baier. the stalemate shows no signs of ending. two major plans...
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ceiling issue in two months? >> well, yeah. i think there probably will be a deal and i think senator feinstein is correct that not having a deal the markets will react negatively. i think if you get to january 3 or january 2 i guess and there hasn't been a deal i think you would start to see a big selloff. but people should be under no illusions. the vast majority you won't see your income taxes go up. you will see payroll taxes go up because they are not going to address that. but in terms of dealing and remember the whole point of the fiscal cliff was to deal with the debt crisis. in terms of that, nothing will have been accomplished. >> and do you think, chris, that anything can be accomplished with the debt crisis? what do they do once you get past tuesday and wednesday we are still staring down that debt. can washington now or five years from now ever really address that debt do you think? >> i don't know. it is interesting. we had on the panel and i really hope people will watch "fox news sunday." interest
ceiling issue in two months? >> well, yeah. i think there probably will be a deal and i think senator feinstein is correct that not having a deal the markets will react negatively. i think if you get to january 3 or january 2 i guess and there hasn't been a deal i think you would start to see a big selloff. but people should be under no illusions. the vast majority you won't see your income taxes go up. you will see payroll taxes go up because they are not going to address that. but in...
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debt ceiling was introduced way back in world war one. it was meant to give the treasury department more spending at that time. wendall goler, the president seemed that he was willing to call the republicans' bluff on this thing. >> he won't collect ransom for not collecting it on the economy. the last time the country reached the debt ceiling, obama was thinking about what will be prioritized next time. >> if congressional republicans refuse to pay america's bills on times, social security checks and veterans benefits will be delayed. we might not be able to pay our troops or honor our contracts with small business owners. food inspectors, air traffic controllers, specialists who track down loose nuclear material wouldn't get paychecks. investors will ask if united states is america is a in fact a safe bet. >> reporter: they launched a new term by focusing on the issue likely to dominate the second term. >> shep: what are we hearing from republicans on this? >> republicans are looking at a fiscal perfect storm in march, avoid the fiscal
debt ceiling was introduced way back in world war one. it was meant to give the treasury department more spending at that time. wendall goler, the president seemed that he was willing to call the republicans' bluff on this thing. >> he won't collect ransom for not collecting it on the economy. the last time the country reached the debt ceiling, obama was thinking about what will be prioritized next time. >> if congressional republicans refuse to pay america's bills on times, social...
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went from opposing raising the debt ceiling and not giving him a higher credit limit was unacceptable and the use of excutive power was abused by those before him and he would respect the limits and he proceeded to act if the executive was the only branch of government and treating congress as if they are a junior high student council. and told us our taxes wouldn't go up and health care costs go down. that is a warm pile of a aftermath of a bull's break fast. (applause) he said he wouldn't tolerate the abuse of the irs toward citizens, but he tolerated it. he hasn't done a thing to end it much less hold accountable those who used government power as if it was a personal power tool and thumbing his nose at congress and saying he could go without congressional authoritization. he could make a fol of the secretary of state and told us the urgent need for military intervention in syria. and the president without bothering to involve congress having an about-face 12 hours later and maybe we should talk to congress and besides, there is no hurry. he said there was a red line and then claim
went from opposing raising the debt ceiling and not giving him a higher credit limit was unacceptable and the use of excutive power was abused by those before him and he would respect the limits and he proceeded to act if the executive was the only branch of government and treating congress as if they are a junior high student council. and told us our taxes wouldn't go up and health care costs go down. that is a warm pile of a aftermath of a bull's break fast. (applause) he said he wouldn't...
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we didn't need to raise the debt ceiling. there was an easy way out and the problem still has not been solved. standard & poor's has send a -- has sent a message. >> mr. cain, you say that we can boost job creation by eliminating tax on companies that bring back overseas profits to the u.s.. when we tried a tax break like this in 2004, companies just paid bigger dividends to shareholders. why would it work this time? >> for a number of reasons. i think you are looking at a small piece of it. it is a combination of things that i indicated. if you pick out one thing, that is not comprehensive. i talked about lowering the top corporate and personal tax rays to 25%. taking capital gains rates to zero. here's the big one, make them permanent. uncertainty is killing this company. if a company were to decide they were to pay a bigger dividend, so what, it is their money. the people receiving the dividends might be happy with that. maybe that is the right thing to do. i'm not concerned -- [ applause ] >> i am not concerned about what
we didn't need to raise the debt ceiling. there was an easy way out and the problem still has not been solved. standard & poor's has send a -- has sent a message. >> mr. cain, you say that we can boost job creation by eliminating tax on companies that bring back overseas profits to the u.s.. when we tried a tax break like this in 2004, companies just paid bigger dividends to shareholders. why would it work this time? >> for a number of reasons. i think you are looking at a small...
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how big a deal is the debt ceiling? >> i heard part of that. i think how long could we do this or how big a deal? it depends. right now at this point it looks like we could survive for a while, a few days, the deadline you hear, october 17th, by which time on a separate issue with the debt limit we run out of cash, according to the treasury secretary, then we have to juggle bills like you would your mortgage payment versus your visa bill and you juggle the bills you really have to pay and ones you don't have to, you put aside. so the government has done this before. how long we could do that, most say a few weeks, up to a few months. it depends. >> trace: what about the debt deal? do we see republicans, if they fail this time, they miss out on the budget monday, do they load a lot of things into the debt deal package trying to get the president to give them concessions? >> i'm ruining your broadcast. i think the gist is the chance of a debt deal is going in and out. i apologize, it probably better than a budge resolution. a debt deal looks very
how big a deal is the debt ceiling? >> i heard part of that. i think how long could we do this or how big a deal? it depends. right now at this point it looks like we could survive for a while, a few days, the deadline you hear, october 17th, by which time on a separate issue with the debt limit we run out of cash, according to the treasury secretary, then we have to juggle bills like you would your mortgage payment versus your visa bill and you juggle the bills you really have to pay and...
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Aug 12, 2011
08/11
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we didn't need to raise the debt ceiling. there was an easy way out and the problem still has not been solved. standard & poor's has send a -- has sent a message. >> mr. cain, you say that we can boost job creation by eliminating tax on companies that bring back overseas profits to the u.s.. when we tried a tax break like this in 2004, companies just paid bigger dividends to shareholders. why would it work this time? >> for a number of reasons. i think you are looking at a small piece of it. it is a combination of things that i indicated. if you pick out one thing, that is not comprehensive. i talked about lowering the top corporate and personal tax rays to 25%. taking capital gains rates to zero. here's the big one, make them permanent. uncertainty is killing this company. if a company were to decide they were to pay a bigger dividend, so what, it is their money. the people receiving the dividends might be happy with that. maybe that is the right thing to do. i'm not concerned -- [ applause ] >> i am not concerned about what
we didn't need to raise the debt ceiling. there was an easy way out and the problem still has not been solved. standard & poor's has send a -- has sent a message. >> mr. cain, you say that we can boost job creation by eliminating tax on companies that bring back overseas profits to the u.s.. when we tried a tax break like this in 2004, companies just paid bigger dividends to shareholders. why would it work this time? >> for a number of reasons. i think you are looking at a small...
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Dec 31, 2012
12/12
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the big question to wall street is the debt ceiling. they are negotiating three month pause or one year pause. can you imagine how much deficit spending we can get in a year without a cap? >> i am thinking the stock market is because we have hours before the i ball drops, the calm before the storm and watch out wednesday. what do you think in. >> well, watch out wednesday, that is the point. if you look at market the last two weeks, people have been selling ahead of the deal so it is a sell the news type of issue. charles hit the point on the head. this is not a tax issue whether it is $450,000 or $500,000 or $1 million. it is the spending issue. the democrats want to raise the debt ceiling and do not want spending cuts cuts and no sequestration. >> what will happen on wednesday? >> again, i want to caution the stock market will not be the best barometer. >> why? i thought the message was always in the markets especially the interest rate. rates were way up. >> but there is in fear on wall street. there is a total disconnect between tha
the big question to wall street is the debt ceiling. they are negotiating three month pause or one year pause. can you imagine how much deficit spending we can get in a year without a cap? >> i am thinking the stock market is because we have hours before the i ball drops, the calm before the storm and watch out wednesday. what do you think in. >> well, watch out wednesday, that is the point. if you look at market the last two weeks, people have been selling ahead of the deal so it...
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Oct 14, 2013
10/13
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the democrats want a longer debt ceiling. they want to get that to a year or six months, as long as possible. republicans want a shorter debt ceiling because they think they've got greater leverage to extract long-term spending cuts over this issue. the democrats want to raise the amount of money the government spends above the sequester lever. they want $1,058,000. republicans in the senate want flexibility on how the president can move that money around but they want to keep the calm in the amount agreed to in the 2011 budget agreement. there seems to be some agreement on the medical device tax. delay it for two years. some agreement on the provision that susan collins of maine insists upon which require s th proof of income. the president said i'm going to waive it in the computer system, waive the rirlt for a year that you prove what your income is. this is would reinstate that. we still have big issues here. within the senate. we also have big issues with the house. remember, we've been talking at how to pass a bill thro
the democrats want a longer debt ceiling. they want to get that to a year or six months, as long as possible. republicans want a shorter debt ceiling because they think they've got greater leverage to extract long-term spending cuts over this issue. the democrats want to raise the amount of money the government spends above the sequester lever. they want $1,058,000. republicans in the senate want flexibility on how the president can move that money around but they want to keep the calm in the...